This follows a directive from the Ghana Revenue Authority (GRA), issued on April 2, 2025, instructing all charging entities to cease applying the E-Levy in line with the government’s decision to abolish it under the Electronic Transfer Levy (Repeal) Act, 2025 (Act 1128).

The EMIs Chamber confirms that all member institutions have complied with the directive and are actively processing refunds for any charges incurred. The refund process will be completed by April 7, 2025."To prevent any further unintended charges, member institutions have implemented safeguards. In the unlikely event of an erroneous charge, it will be promptly refunded by the respective entity," it said.

The EMIs Chamber remains committed to customer trust, transparency, and full compliance with regulatory directives. 

"We continue to support the growth of Ghana’s digital financial ecosystem and ensure a secure and fair environment for all users," it stated.

In 2008, a Ugandan software developer named Ronald Egesa of Mobitrix Uganda Ltd was reported by the leading newspapers to have developed the country's first mobile phone bank that he called SmartCash ^[1] It was reported to be a network independent service.

In 2009, GSMA made a grant to Safaricom to support the development of a social transfer payment project via M-Pesa.^[2]

M-PESA was developed by Vodafone and first deployed by its Kenyan affiliate Safaricom. In May 2012, there were over 15 million customers of M-PESA in Kenya.